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March 3, 2020
Question

I bought 1 crypto (LTC) via Coinbase in Jan 2018. And I still hold it. I failed to report it in 2018 return. How do I correct it ?

  • March 3, 2020
  • 1 reply
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1 reply

Employee
March 3, 2020

You don’t have to report holding cryptocurrency, you have to report income from cryptocurrency. Income would occur if you sell a unit for more than you paid for it. If you bought a unit and are still holding onto the same unit and never sold it, then there is nothing you need to report for now.